Can I Get a Loan Against My Tax Refund?

Editor’s Note: While our Refund Advance loan offer has ended, you can still read about the benefits of working with our Tax Pros to get your taxes won with H&R Block.


You could wait patiently for your tax refund during tax season. It’s part of the process, right? And, while you are waiting, life is happening. There are bills due and unexpected expenses. We understand the impact any delay on your refund may have on your finances.

That’s why we offered the Refund AdvanceDisclaimer number109. Scroll to bottom of page. at H&R Block. With a Refund Advance interest-free loan, you could have received up to $3,000 the day you file your return. What is a tax refund advance, exactly? While the money was not your actual refund, this type of loan is repaid from your refund. It’s an ideal way to get money sooner and not have to worry about the time it takes the IRS to issue your refund.

Tax Advance Loan Fact vs. Fiction

If an advance of up to $3,000 on your tax refund sounds too good to be true, you may be wondering what’s the catch? And, seriously, who offers such a generous tax advance? Take a look as we uncover the facts behind the Refund Advance loan that was offered in H&R Block tax offices. Spoiler alert — it was the real deal.

Fiction – It took a long time to get approved and receive a tax refund advance.

Fact – You could have received your Refund Advance the same day you file. Approved applicants left our office with an H&R Block Emerald Prepaid Mastercard® and were notified by text or email when the loan amount was loaded to the card — typically the same day.


Fiction – It was probably only a limited number of people who got approved.

Fact – While not everyone was approved, the Refund Advance loan program at H&R Block had high approval rates. To be approved, you had to pass certain eligibility requirements (such as ID verification and a sufficient refund amount), and then the lender’s underwriting requirements.


Fiction – My credit score would have been affected if I would have applied for a Refund Advance loan.

Fact – As part of the application process, BofI Federal Bank (the lender for Refund Advance) may have reviewed your credit report, but the review did not impact your credit score. So, you could have applied for a Refund Advance without worrying about how it could have impacted your credit score.


Fiction – There was a cost to apply for the loan.

Fact – There were no fees to apply. Plus, the money you received is yours at 0% interest, really!


Refund Advance and Much More at H&R Block

While the Refund Advance loan offer has ended, it was just one valuable part of working with H&R Block. When you walk in to one of our offices, you’ll walk out with the security of filing with Block and the confidence of knowing you’ve got your taxes won. Thanks to our 60 years of tax expertise, you can trust you’ll always get your maximum refund — guaranteed.Disclaimer number84. Scroll to bottom of page.



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